Shares of Alibaba jumped 4.88% to $236.62 at 16:09 EST on Wednesday, after two sequential sessions in a row of losses. NYSE Composite is dropping 0.01% to $15,008.89, following last session’s upward trend, This seems, up until now, a somewhat negative trend trading session today.
News about Alibaba today
Americans won't be banned from investing in Alibaba, tencent, Baidu. According to today’s article on The Wall Street Journal, "The U.S. government is expected to let Americans continue to invest in Chinese technology giants Alibaba Group Holding Ltd. ", "New York-listed Alibaba and Baidu, and Hong Kong-listed Tencent, were among a dozen companies being examined for inclusion in a Defense Department list of firms deemed to support China’s military, intelligence and security services, according to people familiar with the matter. "
Alibaba’s sales growth is 62.8% for the current quarter and 67% for the next. The company’s growth estimates for the current quarter is a negative 82.1% and positive 52.7% for the next.
Alibaba’s last day, last week, and last month’s average volatility was a negative 0.78%, a negative 1.30%, and a negative 0.81%, respectively.
Alibaba’s last day, last week, and last month’s high and low average amplitude percentage was 2.05%, 3.90%, and 3.24%, respectively.
Previous days news about Alibaba
Barron's picks and pans: dividend aristocrats, Alibaba, gamestop, Walmart and more. According to Business Insider on Sunday, 10 January, "His Absence Is a Deal Breaker for Alibaba Stock," Jack Hough claims that while internet giant Alibaba Group Holding Ltd (NYSE:BABA) is a fast-growing juggernaut, the risks from a Chinese government crackdown are too great. "